Articles categorized by: Economy & Companies

Amazon, goes brick and mortar through Whole Foods Market purchase

Amazon announced today that they have entered into a definitive merger agreement under which Amazon will acquire Whole Foods Market for $42 per share in an all-cash transaction valued at approximately $13.7Bn, including Whole Foods Market’s net debt. Completion of the transaction is subject to approval by Whole Foods Market’s shareholders, regulatory approvals and other customary closing conditions. The parties expect to close the […]

Volkswagen and JAC e-mobility jv officially signed

In the presence of Federal Chancellor Angela Merkel and Chinese Premier Li Keqiang, Volkswagen signed a joint venture agreement with the Chinese automaker Anhui Jinghua Automobile (JAC) in Berlin today. Each of the partners is to hold a 50 percent stake in the new company, which is to develop, produce and market electric vehicles as […]

Ford announces Jim Hackett as new President and CEO and further restructuring

Jim Hackett has been named as Ford Motor Company President and CEO, succeeding Mark Fields, who is retiring. Hackett will report to Executive Chairman, Bill Ford. Hackett, together with Bill Ford, will focus on three priorities: Sharpening operational execution, modernizing Ford’s present business and transforming the company to meet tomorrow’s challenges. Prior to serving as […]

Japan.- Abenomics, boosting job creation but still not enough productivity, says OECD report

“Abenomics has delivered faster economic growth and job creation,” OECD Secretary General, Angel Gurría said today at the presentation of the OECD Survey on Japan (April 2017), “However, meeting Japan’s demographic and fiscal challenges will require greater efforts and further reforms, notably to raise productivity, which now lags behind the leading OECD economies. In the […]